Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Die Casting: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Die Casting estimated at US$76 Billion in the year 2022, is projected to reach a revised size of US$133.4 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.
Automotive, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$61 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Industrial Machinery segment is readjusted to a revised 7.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.7 Billion, While China is Forecast to Grow at 8.6% CAGR
The Die Casting market in the U.S. is estimated at US$11.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$57.7 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.7% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.7 Billion by the year 2030.
Select Competitors (Total 69 Featured) -
- Arconic, Inc.
- Endurance Technologies Limited
- Form Technologies, Inc.
- GF Casting Solutions AG
- Gibbs Die Casting Corp.
- Hitachi Metals, Ltd.
- Martinrea Honsel Germany GmbH
- Pace Industries
- Ryobi Limited
- Sigma Electric Manufacturing Corp.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 406 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $76 Billion |
| Forecasted Market Value (USD) by 2030 | $133.4 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- An Introduction to Die Casting
- Die Casting Market: Critical for Production of Manufactured Parts and Finished Goods
- Die Casting Volume Market Analysis
- Die Casting Global Market Estimates and Forecasts in Thousand Metric Tons by Region/Country: 2018-2025
- Die Casting Global Retrospective Market Scenario in Thousand Metric Tons by Region/Country: 2009-2017
- Developing Economies Continue to Spearhead Market Growth
- An Insight into Global Castings Production
- World Casting Market: Percentage Breakdown of Production Volume by Material for 2019E
- Leading Metal Casting Producing Countries Worldwide: Percentage Breakdown of Production Volume by Country for 2019E
- Global Castings Market (2018): Average Production per Plant in Thousand Metric Ton by Select Leading Countries
- Ferrous Metal Castings Continue to Dominate, While Nonferrous Metal Castings Gradually Gaining Ground
- Global Economic Environment and Manufacturing Sector Trends Influence Die Casting Market Dynamics
- Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
- Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
- Die Casting - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Die Cast Automotive Parts Receive a Boost Against the Backdrop of the Engineering Focus Shed on Lightweighting
- Massive Engineering Interest in Lightweighting Catalyzes Application of Aluminum Die Cast in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
- Rising EV Sales: Another Emerging Growth Catalyst in the Automotive End-Use Sector
- With Myriad Factors Boosting the Outlook for EVs, Die-Casting Foundries Will Witness the Emergence of New Demand Opportunities: Number of EVs On Road Worldwide by Type (In Units) for the Years 2016, 2018, and 2022
- Competition between Steel and Aluminum Castings Heats Up in the Auto Industry
- Heavy Transportation Segments Add to the Demand
- Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
- Heavy Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
- Opportunity Indicators
- Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Sustained Demand for Consumer Appliances Worldwide: A Strong Growth Driver
- Global Household Appliances Market: Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Increasing Replacement of Wrought Iron and Steel with Aluminum Castings in Military and Defense Applications: An Opportunity for Growth
- Increased Defense Spending Bodes Well for Die Casting Market: Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
- Projected Defense Budget in US$ Billion for the Years 2019, 2021 and 2023
- Leading Countries Ranked by Defense Budgets in US$ Billion for 2018
- Rising Significance of Castings in Energy Production Chain Spurs Demand from Power Industry
- Global Wind Energy: Breakdown of Cumulative Installed Capacity in GW by Region for the Years 2018 and 2022
- Mechanization of Agriculture Adds to the Demand
- Production of Plumbing Pipes & Fittings: A Lucrative Market Opportunity for Castings
- Global Market for Plumbing Fittings and Fixtures: Breakdown of Sales in US$ Billion by Region for Years 2018 and 2022
- Porosity-Free, High-Strength and Superior Finish Aluminum Castings: A Key Requirement in Medical Devices
- Telecommunications Equipment: A High Potential End-use Application
- Die Casting: The Most Widely Used Process to Transform Aluminum into Products
- High Pressure Die Casting Market Rides on the Lightweight Trend in Automotive Industry
- Global High Pressure Die Casting Market: Percentage Breakdown of Revenues by Applications for 2019 and 2025
- Magnesium Emerges as a Promising Alternative to Aluminum Die Cast
- Comparative Analysis of Design Parameters
- Automation Ensures Improved Productivity for Die Casting Industry
- Growing Automation in Aluminum Die Casting Fosters Improved Productivity
- Technological Advancements and Innovations Spur Market Growth
- Simulation-based Castings Continues to Gain Traction
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/d2htes
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